AN INVESTOR EARNS THE FOLLOWING ANNUAL RETURNS OVER A FOUR- YEAR...

118. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

118. An investor earns the following annual returns over a four- year period:

Year Annual Return

1 12.2%

2 –8.5%

3 6.7%

4 –3.3%

The geometric mean annual return is closest to:

A. 1.78%.

B. 5.93%.

C. 1.45%.